đ What the chart shows
âą Current index: 51, as indicated in the center.
This means that the market is right in the middle between a Bitcoin season and an Altcoin season.
âą Blue zone (top of the chart): period of âAltcoin Seasonâ (dominance of altcoins).
âą Brown zone (bottom): period of âBitcoin Seasonâ (dominance of Bitcoin).
âą Green line: historical variation of the index for about two years.
âą Orange arrow: indicates a bullish movement towards the altcoin season zone (thus a potential strengthening of altcoins).
đ Interpretation
âą Currently, the index is rising: it seems that altcoins are starting to gain strength relative to Bitcoin.
âą If the trend continues and exceeds the threshold of 75, this will officially indicate an Altcoin Season according to the definition from the coinglass site.
âą The market is thus in a transitional phase.
đ What is this indicator for?
âą For traders and investors, it can guide decisions:
âą A low index â bet on Bitcoin.
âą A high index â bet on altcoins (ETH, SOL, AVAX, etc.).
âą It does not provide a direct buy signal, but rather a market context.
â Conclusion
You can consider that the market is starting to favor altcoins, but we are not yet in full altseason. If this trend continues in the coming days/weeks, we could enter a favorable period for altcoins.
#CryptoPatience #cryptomonnaie #cryptocurrency #Bitcoinâ #trading
